Coinbase Expands 24/7 Crypto Futures

Coinbase announced the expansion of its 24/7 futures trading to include XRP and Solana (SOL) contracts, effective June 13th. This move provides US traders with compliant access to altcoin derivatives, a key development in the evolving regulatory landscape.

This follows Coinbase Derivatives' recent launch of 24/7 trading for Bitcoin and Ethereum futures, establishing it as the first CFTC-regulated derivatives exchange in the US to offer continuous access to crypto futures contracts.

Key Features of Coinbase's Expanded Offering

• 24/7 trading for XRP and Solana futures contracts beginning June 13th.
• First CFTC-regulated US platform to offer round-the-clock altcoin derivatives.
• Addresses the time zone gap between US trading hours and global crypto markets.
• Positions Coinbase to capture a larger share of the global derivatives market, currently accounting for over 75% of global crypto trading volume.

"The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry," stated Andy Sears, CEO of Coinbase Financial Markets.

Strong Early Adoption of XRP and Solana Futures

Coinbase introduced Solana futures in February and XRP futures last month. Initial trading volumes have been impressive. Over 23,000 nano Solana contracts and more than 13,000 XRP futures (across nano and standard sizes) were traded on a single day, highlighting significant early adoption.

While Bitcoin and Ethereum remain core to Coinbase's derivatives offering, the strong early adoption of altcoin derivatives like XRP and Solana shows trader interest in a wider range of assets.

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